Pinellis County Sheriff Joe Trevino has warned buyers against buying property with wildcat appraisal methods, according to a report by the Orange County Register.
“The only way to get the best possible deal is to be careful and be prepared,” Trevinos spokesman John Lacey said in the report.
“Wildcat appraisals can be done in a few minutes and are very, very easy to do.
It’s a very simple process.
It doesn’t take long, and it doesn’t cost much money.”
Lacey said there are no “legal restrictions” on using wildcat appraisers in Pinellascocos property appraisas.
“This is not something that is happening in our county.
This is happening everywhere,” he said.
Lacey also said wildcat valuations are not done for the public, but to increase the value of properties.
“I think the perception is that you have to be paid $100,000 to $200,000 per appraisal.
That’s a myth,” he told The Hill.”
We don’t get paid by the appraisal or by the county.
The county pays us.
We get paid $40,000 for each appraisal.”
In a statement, Trevinos spokesperson Brian Schoenfeld said, “Wildcat assessments are done with the goal of increasing the value and protecting the integrity of the property and its value.
We don’t charge fees to do them, and the value is determined by the market and the market will take into consideration any value added by wildcat assessments.”
The sheriff’s office said that wildcat valuation methods can be used on property valued at $500,000 or less.
Trevino has not responded to The Hill’s request for comment on the reports.